Firerose Foundatoin Inc
- Assets
- $12.3m
- Revenue
- $2.6m
- Investments
- $11.0m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 02/2013
- Data as of
- 12/2021
- EIN
- 46-1386584
Organization Overview
Firerose Foundatoin Inc is located in Madison, WI. The organization was established in 2013. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Firerose Foundatoin Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Firerose Foundatoin Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Firerose Foundatoin Inc has awarded 345 individual grants totaling $9,678,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIREROSE FOUNDATION, INC. WILL IN FURTHERANCE OF ITS CHARITABLE PURPOSE PROVIDE FUNDS FOR THE PAYMENT OF HEALTH CARE EXPENSES (INCLUDING HEALTH INSURANCE) TO OR FOR THE BENEFIT OF IMPOVERISHED OR INDIGENT INDIVIDUALS AND FOR THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS TAX-EXEMPT ORGANIZATIONS UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith R Faulkner President | 1 | $0 | |
Gordon T Faulkner Vice Preside | 1 | $0 | |
Shana Dall'osto Secretary/tr | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $22 |
| Dividends & Interest | $107,246 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $475,238 |
| Capital Gain Net Income | $475,238 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $424 |
| Total Revenue | $2,582,930 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $78,877 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $99 |
| Total operating and administrative expenses | $150,739 |
| Contributions, gifts, grants paid | $1,407,000 |
| Total expenses and disbursements | $1,557,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,277,623 |
| Net Accounts receivable | $5,558 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,309,204 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Firerose Foundatoin Inc has awarded $1,407,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Moorestown, NJ PURPOSE: FINANCIAL AID | $500,000 |
WISCONSIN PUBLIC RADIO PURPOSE: GENERAL OPERATIONS | $250,000 |
Madison, WI PURPOSE: EDUCATION | $200,000 |
Madison, WI PURPOSE: EDUCATION | $200,000 |
Madison, WI PURPOSE: SCHOLARSHIPS | $75,000 |
Carlisle, PA PURPOSE: SCHOLARSHIPS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |
Communtiy Foundation Of The Holland Zeeland Area Holland, MI | $102,848,837 | $16,439,772 |
Franciscan Sisters Of Chicago Service Corporation Lemont, IL | $62,771,138 | $13,923,865 |
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
The Wayne And Joan Webber Foundation Clinton Township, MI | $34,958,708 | $9,275,748 |
Community Foundation For The Land Of Lincoln Inc Springfield, IL | $62,800,465 | $16,636,147 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Chicago Cubs Charities Chicago, IL | $11,765,252 | $2,315,259 |